Hive Digital subsidiary plans 320 megawatt AI data centre near Toronto in $3.5 billion investment

HIVE Digital Technologies Ltd (TSX:HIVE, NASDAQ:HIVE, FRA:YO0, BVC:HIVECO), the Canadian digital infrastructure group listed in Toronto and New York, has unveiled plans to build one of Canada's largest artificial intelligence data centres in the Greater Toronto Area through its subsidiary Buzz High Performance Computing. The facility, which the company describes as an "AI gigafactory", would have approximately 320 megawatts of power capacity and house more than 100,000 graphics processing units (GPUs), the specialised chips used to train and run AI models.